Since the 1980s, the term ‘outsourcing’ has become fixed in business jargon.  Outsourcing refers to the transference of duties or management to a third party, usually outside of the parent company’s country.  This is sometimes used synonymously with “off-shoring,” wherein a company opens another office in a foreign country to take advantage of a cheaper [...]

Brokers on Wall Street weren’t the only individuals cringing over the crisis last week, nor was this the first verification that the U.S. economy is in a recession.  The ramifications of large drops in the stock market, coupled with the mortgage crisis, have affected everyone from blue-collar factory workers to hundred-year-old investment banks, and not [...]